Tesla's Trading Volume Drops 37.61% to $237.52 Billion Yet Stock Price Rises 3.50% for Third Consecutive Day

On April 24, 2025, Tesla's trading volume reached $237.52 billion, marking a 37.61% decrease from the previous day. Despite this, Tesla's stock price rose by 3.50%, marking the third consecutive day of gains and a total increase of 14.07% over the past three days.

Tesla has confirmed that its plans for new affordable vehicles are on track for production in the first half of 2025. The company also reiterated its expectations for the Robotaxi service, which is anticipated to generate revenue starting next year. This news has been well-received by investors, who are optimistic about the potential for significant growth in these areas.

Tesla's first-quarter earnings report showed a 70% drop in profits to $409 million, or 12 cents per share, falling short of analyst estimates. Revenue also decreased by 9% to $19.3 billion. Despite these challenges, the company's stock price has risen in after-hours trading, driven by investor enthusiasm for Tesla's vision for budget electric vehicles, robotaxi trials, and the Cybercab rollout.

Analysts have highlighted several factors contributing to Tesla's recent stock rally. One key driver is Elon Musk's commitment to spending more time with the company, addressing concerns among investors about his involvement in other ventures. Additionally, the company's plans for an affordable vehicle and the progress of its robotaxi business have generated significant excitement.

Tesla's CEO, Elon Musk, is increasingly focusing on autonomous products, including the Cybercab and the humanoid robot Optimus. The company believes that operating a fleet of autonomous vehicles will be more profitable than selling individual cars, which has further fueled investor optimism.

Despite concerns about potential brand damage due to Musk's other commitments, sales data indicates that Tesla's brand remains strong. The company reported record test drives in the first quarter, suggesting continued consumer interest. Analysts expect improved results in the second quarter, as buyers may have been waiting for the new Model Y or full-self driving software.